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1.Money management

If you’ve deposited your cash into your account but don’t know where to start then it’s time to manage your money. Dividing your dough up into even bets is the way to go, particularly when using in-play betting where it is all about single bets. We recommend dividing your bank roll into 5% increments which will give you the largest chance of creating profit overall. So, if for example, you’ve started with your £50 initial deposit you’ve got 20 bets of a £2.50 each to spend on your bets. Make sure that any market that you bet on is thoroughly researched – there is no point in wasting your cash on NFL if you’ve never even watched a game, or picking a horse because you like the name. Once you’ve decided on the races or games to bet on we recommend going for individual bets first unless you’re an experienced gambler as these are the simplest bets to place

2.Let the odds be ever in your favour

Yes, yes, we know that’s a Hunger Games quote; we’re sorry… but this is really important, honest. Before placing your bets it’s a good idea to check out the competition to see what odds they are offering on the same bet. Sometimes the difference between odds is miniscule and sometimes the figure is really impressive, so it pays to be a little crafty when making your selections.

Another way that you can clear up when it comes to odd fluctuations is by betting in-play. If you’re not familiar with in-play betting it’s where you bet on a match outcome while the game is still in play. Here games are subject to changes in odds depending on how results are going. Let’s say Wolverhampton Wanderers are playing Leicester City in the EFL. Before the game you and your mate decided to place a wager on Wolves winning. Your mate bet a tenner on the game at the odds of 7/1 but you hung on until half time to place your bet. By this point Wolverhampton were 1-0 up. The odds on Wolves winning will have shortened because there is more chance of them winning the game than losing at that point. You only receive odds of 4/1, meaning your mate will pocket £70 and their stake if they win and you’ll take home £40 and the stake. But if Wolves had gone a goal down in the match their odds would have increased. Your mate might have got the 7/1 odds by betting early, but by hanging on yours have just increased to 10/1. If Wolves go on to win you’re get a nice tidy sum and some bragging money over your mate.

3.Exercise patience

This is one of the biggest bits of advice we can give you. It’s all too easy to place bets and then feel the pressure when they don’t pay off, but it’s important to keep a cool head and not be drawn in to placing bets to try and recoup your losses. This opens you up to expensive mistakes and a real possibility of never seeing your cash again. Instead, work with a set budget that is within your means and wouldn’t have a negative impact on your overall finances should you lose. If you find that this doesn’t help then try and exercise a little patience in between placing bets. Some find it a good idea to go away and make a cuppa if they have a substantial loss to give them time to mull things over. Others find that impatience tends to make them bet more, so betting nearer the time or using in-play betting can stop them from making foolish betting choices while they are waiting a couple of hours for their other bets to start. Either way, try to exercise a little caution when placing a bet and always… ALWAYS research first for best results.

4.Over/Under bets

If you’ve ever placed a bet on a football game chances are you’ve heard of over/under betting. This is a market that allows you to bet on the total number of goals the two teams score will be over or under the amount of goals posted above the bet. The odds are displayed a little like this: Over/under 2.5 with the odds displayed next to each selection. The 2.5 represents the goals, so this game would be over or under 2.5 goals scored in a game. It might seem odd to have a .5 when goals are recorded in whole numbers, and the figure should be rounded up or down to give you the required result to pay out. Under 2.5 = 2 goals or less, Over 2.5 = 3 goals or more.

In games that you know will be difficult to call, for example a Manchester Derby or a game where the weather is likely to have a huge play such as a UK team playing in extreme heat an over/under bet can often be the best chance of correctly predicting a result. You can also choose to place your bet in play once action has started. This will have an impact on the odds offered (see above), but you have the bonus of cashing out early if your nails are bitten to the quick waiting for your bet to come in.